Rafarma Pharmaceuticals Inc (RAFA)

[Big Brother]

Well, if like us, he was one of the earliest investors in this then I can certainly understand why he is pissed, however, it sounds like his beef is more with Bailey then anything.

Bailey may not be a saint but I don't believe he purposely set out to defraud anyone, I think he truly believed this would be huge and he wanted to see us all make money. I still to this day feel like he's shareholder friendly and not your typical stinky pink sheets company officer.

His biggest mistake was underestimating the need for SEC filings, transparency, professionalism, etc during this whole deal. One of the primary problems was the fact that no one completely understood this or believed it was legit/real.

The whole JAQC DTC issue was a disaster and made everything much worse but from what I was told it was something that Bailey could not have foreseen. It seems to me like he had brought Anderson in, someone with more corporate knowledge, to try and get it sorted out but Brannelly drug his heels and by the time they finally got around to getting us the shares the stock was in the toilet.

Then when they got in bed with Barry Davis that spelled the end of this ever being remotely considered legit IMO, that's when it became nothing more then a pump and dump.